Ship Repair and Maintenance Services Market Revenues to Hit US$ 43.2 billion by 2030, Expanding at a CAGR of 7.5% during 2023-2030, According to RationalStat Report
According to a deep-dive market assessment by RationalStat, the Global Ship Repair and Maintenance Services Market has been analyzed on the basis of market segments, including on type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific).
Wilmington, Delaware, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Ship Repair and Maintenance Services Market Revenues to Hit US$ 43.2 billion by 2030, Expanding at a CAGR of 7.5% during 2023-2030
*Based on a Research Report titled “Ship Repair and Maintenance Services Market Size & Supplier Analysis - Growth Trends, Forecasts, and Share Analysis (2023-2030)”*
*Global Ship Repair and Maintenance Services Market* is valued at *US$ 24.3 billion in 2022* and is expected to grow at a significant *CAGR of over 7.5%* over the forecast period of 2023-2030, according to the latest market report by *RationalStat*
*Market Definition, Market Scope, and Report Overview*
Several factors contribute to the market's growth and demand for ship repair and maintenance services. The global ship fleet is ageing, and as ships age, they require more regular repairs and upkeep. Repair and maintenance services are in high demand due to the need to extend the lifespan and operational efficiency of ageing ships.
Furthermore, maritime legislation and international safety, security, and environmental requirements are becoming increasingly stringent. Ship owners and operators must follow these laws, which frequently demand regular inspections, repairs, and maintenance to ensure that the appropriate requirements are met.
· According to a deep-dive market assessment by RationalStat, the global ship repair and maintenance services market has been analyzed *on the basis of market segments, including on type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the global ship repair and maintenance services market covers market sizes on the basis of market value (US$/EUR Million) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the global ship repair and maintenance services market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
*
*
*Request A Customization: https://store.rationalstat.com/store/global-ship-repair-maintenance-services-market/#tab-ux_global_tab*
*Global* *Ship Repair and Maintenance Services Market: Segmental and Market Share Analysis*
· On the basis of type, aircraft carrier is expected to grow at highest CAGR due to an increase in modernization demand throughout the forecast period.
· On the basis of application, the general service sector is expected to dominate the market due to a large number of contracts for such services due to their low cost.
*Report Synopsis*
Report Metrics Details
Base Year 2022
Forecast Period 2023-2030
Base Year Market Size US$ 24.3 billion
Market Size Forecast US$ 43.2 billion
Growth Rate 7.5%
Key Market Drivers · Growing Demand for Robot Utilization
· Growing Demand for New and Advanced Ships in Maritime
Companies Profiled · Sembcorp Industries
· China Shipbuilding Industry Corporation
· Damen Shipyards Group
· Hyundai Mipo Dockyard Co, ltd
· DAE SUN Shipbuilding & Engineering Co, Ltd
· Cochin Shipyard Limited
· Dundee Marine & Industrial Services Pte Ltd
· Tsuneishi Shipbuiding Co, Ltd, HOSEI Co, LTD
· Keppel Corporation Limited
· Swissco Holdings Limited
*Explore more about this report https://store.rationalstat.com/store/global-ship-repair-maintenance-services-market/#tab-ux_global_tab*
*Competition Analysis and Market Structure *
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global ship repair and maintenance services market include,
· In December 2021, The US Navy proposed four five-year contracts worth US$ 1.74 billion to procure maintenance, repair, and modernization services for non-nuclear surface combatants and amphibious ships.
Some of the prominent players and suppliers operating and contributing significantly to the global ship repair and maintenance services market growth include *Sembcorp Industries, China Shipbuilding Industry Corporation, Damen Shipyards Group, Hyundai Mipo Dockyard Co, ltd, DAE SUN Shipbuilding & Engineering Co, Ltd, Cochin Shipyard Limited, Dundee Marine & Industrial Services Pte Ltd, Tsuneishi Shipbuiding Co, Ltd, HOSEI Co, LTD, Keppel Corporation Limited, Swissco Holdings Limited* *among others.*
*Get A Free Sample: https://store.rationalstat.com/store/global-ship-repair-maintenance-services-market/#tab-ux_global_tab*
*RationalStat has segmented the global **ship repair and maintenance services* *market based on type, application and region*
· *Global **Ship Repair and Maintenance Services* *Market ***Value (US$ Million), and Market Share (2019-2030) Analysis by Type**
· Oil and Chemical Tankers
· Bulk Carriers
· Gas Carriers
· Aircraft Carriers
· Offshore Vessels
· Passenger Ships and Ferries
· *Global **Ship Repair and Maintenance Services* *Market ***Value (US$ Million), and Market Share (2019-2030) Analysis by Application **
· General Services
· Dockage
· Hull Part
· Electric Works
· Others
· *Global **Ship Repair and Maintenance Services* *Market **Value (US$ Million), and Market Share (2019-2030) Analysis by Region*
· North America Ship Repair and Maintenance ServicesMarket
· US
· Canada
· Latin America Ship Repair and Maintenance ServicesMarket
· Brazil
· Mexico
· Rest of Latin America
· Western Europe Ship Repair and Maintenance ServicesMarket
· Germany
· UK
· France
· Spain
· Italy
· Benelux
· Nordic
· Rest of Western Europe
· Eastern Europe Ship Repair and Maintenance ServicesMarket
· Russia
· Poland
· Hungary
· Other CIS Countries
· Rest of Eastern Europe
· Asia Pacific Ship Repair and Maintenance ServicesMarket
· China
· Japan
· India
· South Korea
· Australia
· ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
· Rest of Asia Pacific
· Middle East & Africa Ship Repair and Maintenance ServicesMarket
· GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
· South Africa
· Nigeria
· Turkey
· Rest of the Middle East & Africa
*For more information about this report https://store.rationalstat.com/store/global-ship-repair-maintenance-services-market/#tab-ux_global_tab*
*Key Questions Answered in the Ship Repair and Maintenance Services Report:*
· What will be the market value of the global ship repair and maintenance services market by 2030?
· What is the market size of the global ship repair and maintenance services market?
· What are the market drivers of the global ship repair and maintenance services market?
· What are the key trends in the global ship repair and maintenance services market?
· Which is the leading region in the global ship repair and maintenance services market?
· What are the major companies operating in the global ship repair and maintenance services market?
· What are the market shares by key segments in the global ship repair and maintenance services market?
*Explore Our Trending Reports*
· *Global Surface Unmanned Ships Market**-*Global Surface Unmanned Ships Market is expected to grow at a CAGR of 11.1% over the forecast period of 2022-2028.
· *Global Autonomous Underwater Glider Market **- *Global Autonomous Underwater Glider Market is expected to grow at a CAGR of 6.8% over the forecast period of 2022-2028*.*
· *Global Marine Communication Market**- *Global Marine Communication Market is expected to grow at a CAGR of 8.8% over the forecast period of 2022-2028
· **Global Marine Engines Market*- *Global marine engines market is estimated to witness a steady growth rate of around 4.5% during the period 2019-2028.
· * **Global SONAR Systems Market**- *Global SONAR systems market is expected to grow at a CAGR of around 6% during the forecast period of 2023-2028 and was valued at US$ 2 billion in 2022.
· *Global Marine Propulsion and Auxiliary Power Market-*Global marine propulsion and auxiliary power market is expected to grow at a CAGR of around 5.2% during the forecast period of 2023-2030 and is estimated at US$ 10.6 billion in 2023.
· *Global Drone Inspection and Monitoring Market*- Global drone inspection and monitoring market is expected to grow at a CAGR of around 12% during the forecast period of 2023-2028 and was valued at around US$ 6.6 billion in 2022.
· *Global Aircraft Lighting Market**- *Global aircraft lighting market is expected to grow at a CAGR of around 8% during the forecast period of 2023-2028 and was valued at around US$ 690 million in 2022.
· *Global Autonomous Aircrafts Market**- *According to RationalStat analysis, the market value of the global autonomous aircraft market is expected to grow at a CAGR of 17.2% during the forecast period 2023-2028.
· *Global Synthetic Aperture Radar Market**- *Global Synthetic Aperture Radar Market is expected to grow at a CAGR of 11.5% over the forecast period of 2022-2028.
· *Global Very Light Aircraft Market**- *Global Very Light Aircraft Market is expected to grow at a CAGR of 5.8% over the forecast period of 2022-2028.
· *Global Space Habitat Market*- Global Space Habitat Market is expected to grow at a CAGR of 8.4% over the forecast period of 2022-2028.
· *Global Aviation Titanium Alloy Market**- *Global Aviation Titanium Alloy Market is expected to grow at a CAGR of 4.8% over the forecast period of 2022-2028.
*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
*Get Survey Analysis and Stakeholder Opinions- **Raise a Query*
*About RationalStat LLC *
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
*Contact*
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
*sales@rationalstat.com*
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
*LinkedIn** | **Facebook** | **Twitter** | **Instagram** | **Pinterest*